Investment opportunity in downtown Chestertown. Three separately metered commercial spaces and a 1 bedroom apartment in downtown Chestertown's Arts & Entertainment District. Rebuilt in 2003 and extensively renovated in 2016. Large open space, with loft area, commercial kitchen and storefront.
Apartment: Retaining the charm of the the original structure, the second floor, one bedroom apartment has pine floors with exposed brick and beam accents. Currently rented
Let your imagination run wild with the possibility for the commercial space. Use as 3 (or 4) separate spaces or combine for one unit. Possible uses include a gallery, shop, cafe or art studio. Has been used most recently as a fitness center. The commercial kitchen has 5 sinks and a grease trap. Perfect location to operate a food-business and walk to the weekly farmer's market. The front retail space has a large porch and faces Cannon Street. Perfect for a small shop, or combine with the kitchen and use as a cafe. With a separate entrance in the rear, the large studio space is bright, open and airy and leads to a separate loft space which could potentially be used as a fourth commercial unit. Currently there are 3 separate meters for the commercial space. The commercial spaces are currently also being offered for lease. Income and expense information available on request. Chestertown in in an Opportunity Zone, an Enterprise Zone and the property is located in the town's Arts & Entertainment District, all of which have the potential to offer tax incentives for the property owner and certain tenants.
Courtesy of: Cross Street Realtors LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 26th September, 2022 6:22 AM (UTC)
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